Plantronics stock: buy or sell?

PLT stock price: $28.65 2.95% At close on August 22nd, 2019

Updated on:
August 22nd, 2019

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Plantronics jumped a pretty good 2.95% and closed at $28.65. On Aug/13 PLT rocketed an astounding 6.43%. On Aug/14 PLT plunged a bloodcurdling -5.90%.

Plantronics, Inc. designs, manufactures, and markets lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets under the Plantronics brand worldwide.

Should I buy Plantronics stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Plantronics stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean PLT will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Plantronics stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we found 1 rating published for PLT stock in the last 30 days.

Is PLT a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-3-21Northland Securitiesn/aBuy

Plantronics stock analysis

Daily outlook

Plantronics ended today at $28.65 and jumped a pretty good 2.95%.

Shares of Plantronics ended today at $28.65 and jumped a pretty good 2.95%.

PLT stock chart (daily)

Weekly outlook

Plantronics ended this week at $28.65 and skyrocketed a great 5.29%. Early August PLT collapsed a bloodcurdling -26.40% in just one week.

Since early May, when PLT stock price broke down the 40-weeks moving avarage line, it slid $-24.15 per share (-45.74%). Stocks under the 200d moving average line are usually not recommended for average traders.

PLT stock chart (weekly)

Plantronics stock price history

Plantronics stock went public on January 20th, 1994 with a price of $2.171. Since then, PLT stock grew a 1,220.30%, with a yearly average of 48.80%. If you had invested $1,000 in Plantronics stock in 1994, it would worth $12,203.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Plantronics stock historical price chart

PLT stock reached 52-week highs on August at $67.72, and all-time highs 2018-07-06 with a price of 80.91.

Plantronics stock price target is $85.00

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we only found 1 price prediction for Plantronics stock:
PLT stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-3-21Northland SecuritiesReiteratesn/a$85.00-
(in average)$0.00$85.000.0%

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on April, Plantronics collapsed a spooky -45.31%. As soon as we get its actual EPS from the earnings report, we will update this review.
PLT earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.62n/a
2017-Q2-n/a0.65n/a
2017-Q32017-10-310.660.821.2%
2017-Q42018-01-300.791.0229.1%
2018-Q12018-05-010.610.8539.3%
2018-Q22018-08-070.490.5410.2%
2018-Q32018-11-060.890.58-34.8%
2018-Q42019-02-050.421.12166.7%
2019-Q12019-04-291.15n/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Plantronics annual sales decreased an ugly -2.75% to $856.90 million USD from $881.18 marked in 2017. When comparing 2018 vs 2017, in contrast, profit margin (that is, the net income divided by revenues) dropped a -9.48% to -0.10%.

To have an updated view of the financial situation of Plantronics, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Plantronics TTM sales up to were $1,206.05 and income was $-113.97 M USD. When comparing this TTM figures with the last reported annuality, we can review Plantronics business evolution since March 2018: Annual revenues up to , compared to lastest yearly report, skyrocketed a super good 40.74%. Nevertheless, profit margin (net income/revenues) eased at -0.10%.

PLT annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$759 M-$106 M14.0%-
2014$820 M8.00%$112 M13.7%5.66%
2015$865 M5.54%$112 M13.0%-0.11%
2016$857 M-0.94%$68 M8.0%-39.10%
2017$881 M2.83%$83 M9.4%20.77%
2018$857 M-2.75%$-0.87 M-0.1%-101.05%
TTM $1,206 M40.74%$-113.97 M-9.5%13,015.30%

Quarterly financial results

Plantronics reported M in sales for 2019-Q1, a -100.00% decline compared to previous quarter. Reported quarter income marked million with a profit margin of . Profit margin remained steady a 0.00% compared to previous quarter when profit margin was -8.32%. When comparing sales to same quarter last year, Plantronics sales marked a dreadful loss and plunged a -100.00%.
PLT quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$208 M-$19.52 M9.4%-
2017-Q2$204 M-1.97%$18.83 M9.2%-3.53%
2017-Q3$210 M3.13%$19.95 M9.5%5.96%
2017-Q4$227 M7.72%$-49.50 M-21.9%-348.10%
2018-Q1$216 M-4.59%$9.85 M4.6%-119.91%
2018-Q2$221 M2.39%$14.47 M6.5%46.85%
2018-Q3$483 M118.28%$-86.71 M-17.9%-699.19%
2018-Q4$502 M3.85%$-41.73 M-8.3%-51.87%

Plantronics ownership

When you are planning to invest in a stock, it's worth to overview its ownership structure.

Plantronics shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.95% of all shares.

Bearish positions for PLT stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Plantronics:

PLTAAPLADTNGOOGLLOGI
Market cap$1.1 B$978.1 B$519.2 M$356.8 B$6.7 B
Total shares39.5 M4,600.0 M47.8 M299.4 M166.6 M
Float shares31.1 M4,260.0 M47.4 M601.6 M161.6 M
  - Institutional holdings (%)98.8%61.0%95.2%81.0%0.0%
  - Insider holdings (%)0.9%0.1%1.0%0.2%0.0%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

Plantronics summary

Thursday, August 22nd, 2019
Open$28.02
Close$28.65
Day range$28.13 - $28.96
Previous close$27.83
Session gain2.95%
Average true range$2.00
50d mov avg$35.18
100d mov avg$41.44
200d mov avg$42.46
Daily patternlt02a
Weekly pattern lb06a

Plantronics performance

To better understand Plantronics performance you must compare its gains with other related stocks in same sector or industry. We compared Plantronics against Apple, ADTRAN, Alphabet and Logitech International in the following table:
Stock3m6m12m
PLTPlantronics-35.79%-43.28%-56.90%
AAPLApple19.27%23.88%-0.10%
ADTNADTRAN-32.92%-24.64%-34.22%
GOOGLAlphabet4.65%6.72%-3.65%
LOGILogitech Internat...8.37%7.47%-16.75%

Plantronics competitors

One check before investing in any stock is to review a list of its competitors, in this case for Plantronics. We selected 4 companies as Plantronics competitors as they are in the same industry or have similar market objectives.